Think a Fed interest rate hike is off table? Think again, fund manager says

The chance that the Federal Reserve will boost interest rates this year to limit inflation is higher than the near-zero level currently priced into the markets, said Jon Brager, a portfolio manager at Palmer Square Capital Management, a Kansas City-based firm that invests in floating rate corporate debt.

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​The chance that the Federal Reserve will boost interest rates this year to limit inflation is higher than the near-zero level currently priced into the markets, said Jon Brager, a portfolio manager at Palmer Square Capital Management, a Kansas City-based firm that invests in floating rate corporate debt.Read more…